Quotes of the currency pair New Zealand dollar NZD USD showed a drop from the downtrend line on the indicator of relative strength.
NZD/USD dollar exchange rate forecast — June 2016
The pair is currently not ready to fall further down, so any correction should be seen as an opportunity for sales of the currency pair NZD/USD as a continuation of the fall and rebound from the downtrend line on the indicator of relative strength. Cancellation option can become a strong growth of quotations of the New Zealand dollar above the level of 0.71, and break through the resistance line on the indicator RSI. The purpose of the fall is the area of below 0.60 and continued falling nzd usd to below 0.55.
NZD/USD dollar exchange rate forecast — June 2016 suggests an attempt to growth in the region at the level of 0.70, where should try to sell the NZD/USD with a close stop.
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